Nintendo denies reports of higher profit margin with new Switch OLED variant

Nintendo

Nintendo denied that profit margins on its new Switch model will increase when compared with the current version. Which costs $50 less. The Kyoto-based video gaming giant said claims that its profit margin from the new device will increase.

Compared with the original Switch are incorrect, according to a statement on its Twitter account. The company also added that it has no plans to launch any other model. Apart from the one featuring a 7-inch OLED screen scheduled to be released in October.

Some analysts had previously estimated that upgrades to the new Switch will cost about $10 more per unit to produce. That would mean Nintendo could earn higher profits after pricing the new model at $350. A significant upgrade from the current $300 device.